Thrift Industry

BRIEFCASE

April 14, 1989

LEGISLATION. A House Banking subcommittee amended President Bush's

savings and loan proposal Thursday by removing barriers to the melding of the thrift industry with commercial banking. By a voice vote, the 47-member subcommittee on financial institutions voted to permit banking companies to begin immediately acquiring both insolvent and healthy S&Ls. The Senate Banking Committee voted Wednesday to send the bailout package to the full Senate next week.